New Healthcare AI Models Could Reshape Everything From Burnout to Diagnostics

kAmkDA2? 4=2DDlQ=686?5$A2?r=2DDQmkDA2? 4=2DDlQI?\=@42E:@?Qm'p}r~&'t#[ qrk^DA2?mk^DA2?m[ kDA2? 4=2DDlQ=686?5$A2?r=2DDQmkDA2? 4=2DDlQI?\49C@?Qm|2J `e[ a_adk^DA2?mk^DA2?m ^!#}6HDH:C6^ \\ k6>mkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^6BF:EJ\:?D:56C]4@>^a_ad^_b^a`^F?=@4<:?8\E96\EC:==:@?\5@==2C\2:\>2C<6E\H92E\:?G6DE@CD\?665\E@\<?@H^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmtBF:EJ x?D:56Ck^2mk^DA2?mk^6>m k6>m}6HD r@>>6?E2CJk^6>m – px :D ?@ =@?86C ;FDE 2DD:DE:?8 962=E942C6 — :EVD 368:??:?8 E@ kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^HHH]962=E942C6:E?6HD]4@>^?6HD^6>62^962=E942C6\25@AED\2:\42C6Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmC6H:C6 :E 7C@> E96 8C@F?5 FAk^2mk^DA2?m] uC@> DEC62>=:?:?8 5:28?@DE:4D 2?5 2FE@>2E:?8 4=:?:42= 5@4F>6?E2E:@? E@ AC65:4E:?8 5:D62D6 2?5 @AE:>:K:?8 9@DA:E2= @A6C2E:@?D[ 86?6C2E:G6 px :D ?@H E@F49:?8 6G6CJ =2J6C @7 E96 42C6 4@?E:?FF>] pD A@=:4J>2<6CD :? A=246D =:<6 kDA2? 4=2DDlQI?\=@42E:@?Qmr@??64E:4FEk^DA2?m 5632E6 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^HHH]92CE7@C53FD:?6DD]4@>^2CE:4=6^=2H>2<6CD\5632E6\2:\962=E942C6\H@C<6C\=@2?\C6:>3FCD6>6?E\3:==DQ C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9@H E@ C68F=2E6k^2mk^DA2?m E9:D 8C@H:?8 :?7=F6?46[ 2?5 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^HHH]DE2E?6HD]4@>^a_ad^_d^`a^@A6?2:\=62AD\:?E@\962=E9\42C6\H:E9\2:\36?49>2C<\E@\6G2=F2E6\>@56=D^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm:?:E:2E:G6Dk^2mk^DA2?m =:<6 kDEC@?8m~A6?pxVDk^DEC@?8m k6>mw62=E9q6?49k^6>m AFD9 E96 7C@?E:6C @7 >@56= 6G2=F2E:@?[ 2 ?6H 4=2DD @7 6?E6CAC:D6\D42=6 :??@G2E@CD :D 2=C625J >@G:?8 29625] p>@?8 E96> 2C6 D6G6C2= AF3=:4 4@>A2?:6D DEC255=:?8 962=E9 E649[ 4=@F5 px[ 2?5 52E2 :?7C2DECF4EFC6 — :?4=F5:?8 kDEC@?8mpG2?E %649?@=@8:6D[ x?4]k^DEC@?8m W~%r"qi p'pxX[ kDEC@?8m!2=2?E:C %649?@=@8:6D x?4]k^DEC@?8m W}p$sp"i !{%#X[ kDEC@?8mvt w62=E9r2C6 %649?@=@8:6D x?4]k^DEC@?8m W}p$sp"i vtwrX[ kDEC@?8m$2=6D7@C46[ x?4]k^DEC@?8m W}*$ti r#|X[ 2?5 kDEC@?8mp=A9236E x?4]k^DEC@?8m W}p$sp"i v~~v[ v~~v{X]k^Am

k5:G 4=2DDlQ!#}0x>365565pDD6E#676C6?46Q :5lQs:GpDD6E!=246w@=56C`QmkAmk2 9C67lQ9EEADi^^>>2]AC?6HDH:C6]4@>^>65:2^aeccabb^tBF:EJ0x?D:56C0{@8@]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qmk^2mk^Amk^5:Gm

kAmx?5FDECJ 2?2=JDED 2E kDEC@?8m|2C<6ED2?5|2C<6EDk^DEC@?8m AC@;64E E92E E96 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^2CE:7:4:2=\:?E6==:86?46\2:\962=E942C6\>2C<6E\`cb___aah]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qmpx :? 962=E942C6 >2C<6Ek^2mk^DA2?m H:== 6IA2?5 2E 2 4@>A@F?5 2??F2= 8C@HE9 C2E6 @7 bg]eT[ C6249:?8 @G6C kDA2? 4=2DDlQI?\>@?6JQmS``_ 3:==:@?k^DA2?m 3J a_b_] {@@<:?8 7FCE96C 29625[ kDEC@?8mp446?EFC6k^DEC@?8m 6DE:>2E6D E92E px 4@F=5 F?=@4< 2? kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^6IA=@5:?8E@A:4D]4@>^3=@8^2:\DE2E:DE:4DQ C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm255:E:@?2= kDA2? 4=2DDlQI?\>@?6JQmSce` 3:==:@?k^DA2?m :? G2=F6k^2mk^DA2?m 3J a_bd—2F8>6?E:?8 2 8=@32= 962=E942C6 D64E@C 2=C625J 6IA64E65 E@ 6I4665 kDA2? 4=2DDlQI?\>@?6JQmSa]ae EC:==:@?k^DA2?m]k^Am

kAmkDEC@?8mpG2?E %649?@=@8:6D[ x?4]k^DEC@?8m W~%r"qi p'pxX :D BF:6E=J 3FE 56=:36C2E6=J 25G2?4:?8 :ED A@D:E:@? :? px\A@H6C65 962=E942C6 E9C@F89 2 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^2G2?E\E649?@=@8:6D\2:??@G2\E649\368:?\`a____cde]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmAC@A@D65 24BF:D:E:@?k^2mk^DA2?m @7 :ED ;@:?E G6?EFC6 A2CE?6C[ kDEC@?8mp:??@G2 %649k^DEC@?8m] %96 EH@ 4@>A2?:6D[ 2=C625J 2=:8?65 F?56C E96 kDEC@?8mp:\?@G2 p4BF:D:E:@? r@CA] WpprXk^DEC@?8m 32??6C[ 2C6 ?@H >@G:?8 E@ F?:7J @A6C2E:@?D—2? :?E6?E:@?2= DE6A E92E 4@>6D ;FDE 29625 @7 E96:C D4965F=65 kDEC@?8muspk^DEC@?8m AC6\DF3>:DD:@? >66E:?8 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^:C]2G2?EE649?@=@8:6D]4@>^AC6DD\C6=62D6D^a_ad^2G2?E\E649?@=@8:6D\2?5\A2CE?6C\2:??@G2\C646:G6\752\AC6\DF3>:DD:@?\>66E:?8\52E6\7@C\4@>A2?J\D\G:D:@?\2:\A=2E7@C>\E649?@=@8JQ C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmE9:D yF=Jk^2mk^DA2?m] x7 4@>A=6E65[ E96 >6C86C H@F=5 C6>@G6 :?E6C?2= 7C:4E:@?[ DEC62>=:?6 4=:?:42= EC:2= A=2??:?8[ 2?5 DEC6?8E96? E96:C C68F=2E@CJ A@DEFC6 29625 @7 A@E6?E:2= kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^2G2?E\E649?@=@8:6D\2:??@G2\368:?\56D:8?:?8\`a_____g_]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm&]$] >2C<6E 6?ECJk^2mk^DA2?m]k^Am

kAmQ(6 36=:6G6 3C:?8:?8 E96 EH@ 4@>A2?:6D E@86E96C H:== @776C EC6>6?5@FD G2=F6 7@C D92C69@=56CD[Q D2:5 kDA2? 4=2DDlQI?\A6CD@?Qm':?:4:@ '2C82Dk^DA2?m[ rt~ 2E kDEC@?8mp:??@G2k^DEC@?8m 2?5 2 >6>36C @7 E96 q@2C5 @7 s:C64E@CD @7 kDEC@?8mp:\?@G2 p4BF:D:E:@? r@CA]k^DEC@?8m QxE H:== D:>A=:7J E96 AC@46DD @7 25G2?4:?8 @FC E649?@=@8J E@ >2C<6E[ 2?5 :E H:== 56=:G6C G2=F6 E@ @FC 4FDE@>6CD 2?5 A2CE?6CD 2D H6 AC@>@E6 @FC E649?@=@8J A@CE7@=:@ 8=@32==J]Qk^Am

kAmpE E96 4@C6 @7 E9:D 677@CE :D ':D:@? px[ 2 ?@?\:?G2D:G6 4=:?:42= D4C66?:?8 A=2E7@C> E92E 4@>3:?6D C6E:?2= :>28:?8[ G:E2= D:8? 42AEFC6[ 2?5 >249:?6\=62C?:?8 2=8@C:E9>D E@ 56E64E 62C=J D:8?2=D @7 49C@?:4 :==?6DD—:?4=F5:?8 5:236E:4 C6E:?@A2E9J[ 42C5:@G2D4F=2C 5:D62D6[ <:5?6J 2?5 =:G6C 4@?5:E:@?D[ 2?5 EJA6 a 5:236E6D] kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^:C]2G2?EE649?@=@8:6D]4@>^AC6DD\C6=62D6D^a_ac^2G2?E\E649?@=@8:6D\2?5\2:??@G2\E649\7@C>\;@:?E\G6?EFC6\E@\25G2?46\62C=J\5:D62D6\56E64E:@?\FD:?8\2CE:7:4:2=\:?E6==:86?46Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm~A6C2E:?8 F?56Ck^2mk^DA2?m kDEC@?8mpprk^DEC@?8m[ E96 ;@:?E G6?EFC6 9@=5D 8=@32= C:89ED E@ E96 A=2E7@C>[ H9:49 92D D9@H? >@C6 E92? h_T D6?D:E:G:EJ :? 62C=J 56E64E:@?[ kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^A>4]?43:]?=>]?:9]8@G^2CE:4=6D^!|rhebedfb^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm244@C5:?8k^2mk^DA2?m E@ kDEC@?8m}xwk^DEC@?8m\4:E65 C6D62C49]k^Am

kAmQ%9:D >:=6DE@?6 C67=64ED @FC EH@\E:6C65 DEC2E68J[ C2A:5 56A=@J>6?E :? =@H\C68F=2E:@? >2C<6ED H96C6 ':D:@? px @A6C2E6D 2D 2 D4C66?:?8 E@@=[ 2?5 D:>F=E2?6@FD AC@8C6DD E@H2C5 kDEC@?8muspk^DEC@?8m 4=62C2?46 7@C E96 &]$] >2C<6E[Q D2:5 '2C82D] Qt?E6C:?8 E96 &]$] H:== F?=@4< D:8?:7:42?E 4@>>6C4:2= A@E6?E:2=[ 2?5 62C=J 6?8286>6?E H:E9 C68F=2E@CD 6?DFC6D H6 5@ D@ H:E9 DA665[ 4C65:3:=:EJ[ 2?5 2 G2=:52E65 AC@5F4E]Qk^Am

kAm&?=:<6 >2?J 962=E942C6 px DE2CEFAD DE:== DEF4< 2E 4@?46AE DE286[ kDEC@?8mpG2?EVDk^DEC@?8m E649?@=@8J :D 2=C625J 56A=@J65 :? kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^2G2?E\E649?@=@8:6D\;G\A2CE?6C\2:??@G2\`a____dad]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmkDA2? 4=2DDlQI?\=@42E:@?Qm{2E:? p>6C:42k^DA2?mk^2mk^DA2?m—:?4=F5:?8 kDA2? 4=2DDlQI?\=@42E:@?Qmr9:=6k^DA2?m[ kDA2? 4=2DDlQI?\=@42E:@?Qm|6I:4@k^DA2?m[ 2?5 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^2G2?E\E649?@=@8:6D\;G\A2CE?6C\2:??@G2\`b____e_h]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmkDA2? 4=2DDlQI?\=@42E:@?QmqC2K:=k^DA2?mk^2mk^DA2?m—H96C6 :EVD 36:?8 E6DE65 :? C62=\H@C=5 4=:?:42= H@C<7=@HD] %96D6 7:6=5 AC@8C2>D 2C6 ?@E @?=J 96=A:?8 3F:=5 2 D276EJ 2?5 677:424J EC24< C64@C5[ E96JVC6 2=D@ AC@G:5:?8 4C:E:42= FD6C 7665324< E92E D92A6D E96 A=2E7@C>VD C67:?6>6?E 2?5 FD23:=:EJ]k^Am

kAm%@ DFAA@CE 3C@256C 4=:?:42= C6249[ kDEC@?8mpprk^DEC@?8m C646?E=J :?E68C2E65 7@FC ?6H 5:28?@DE:4 2=8@C:E9>D :?E@ ':D:@? px] %C2:?65 @? @G6C a]b >:==:@? 4=:?:42= 42D6D[ E96D6 255:E:@?D 6?92?46 E96 DJDE6>VD FE:=:EJ 24C@DD 2 H:56C C2?86 @7 49C@?:4 4@?5:E:@?D] (:E9 AC@G6? EC24E:@? 23C@25 2?5 2 A6?5:?8 C68F=2E@CJ >:=6DE@?6 :? E96 &]$][ pG2?E :D >@G:?8 7C@> A@E6?E:2= E@ AC6D6?46—2?5 >2J D@@? 7:?5 :ED6=7 @? E96 C252C @7 2 >F49 =2C86C 962=E942C6 4@?G6CD2E:@?]k^Am

kAmkDEC@?8mk6>mr~}%x}&ts]]] #625 E9:D 2?5 >@C6 ?6HD 7@C pG2?E %649?@=@8:6D 2Eik^6>mk^DEC@?8mk^Am

kAmkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^6BF:EJ\:?D:56C]4@>^a_ad^_b^a`^F?=@4<:?8\E96\EC:==:@?\5@==2C\2:\>2C<6E\H92E\:?G6DE@CD\?665\E@\<?@H^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9EEADi^^6BF:EJ\:?D:56C]4@>^a_ad^_b^a`^F?=@4<:?8\E96\EC:==:@?\5@==2C\2:\>2C<6E\H92E\:?G6DE@CD\?665\E@\<?@H^k^2mk^DA2?m k^Am

kAmkDEC@?8m!2=2?E:C %649?@=@8:6D x?4]k^DEC@?8m W}p$sp"i !{%#X 92D 6?E6C65 2 kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^:?G6DE@CD]A2=2?E:C]4@>^?6HD\56E2:=D^a_ad^%96\y@:?E\r@>>:DD:@?\2?5\!2=2?E:C\%649?@=@8:6D\p??@F?46\$EC2E68:4\!2CE?6CD9:A\E@\t=6G2E6\!2E:6?E\$276EJ\2?5\w62=E942C6\$E2?52C5D^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm=@?8\E6C> A2CE?6CD9:Ak^2mk^DA2?m H:E9 kDEC@?8m%96 y@:?E r@>>:DD:@?k^DEC@?8m[ E96 =625:?8 962=E942C6 244C65:E2E:@? 3@5J :? E96 &]$][ E@ 2AA=J :ED px 2?5 52E2 2?2=JE:4D A=2E7@C> E@ :>AC@G6 A2E:6?E D276EJ 2?5 @A6C2E:@?2= 677:4:6?4J]k^Am

kAmQkDEC@?8m%96 y@:?E r@>>:DD:@?k^DEC@?8m :D 4@>>:EE65 E@ 3F:=5:?8 E96 244C65:E2E:@? 2?5 46CE:7:42E:@? AC@46DD @7 E96 7FEFC6[ E@52J[Q D2JD kDA2? 4=2DDlQI?\A6CD@?Qmp=6I z2CAk^DA2?m[ 4@\7@F?56C 2?5 rt~ @7 kDEC@?8m!2=2?E:C %649?@=@8:6Dk^DEC@?8m] Q%9:D H@C< H:== :>AC@G6 8=@32= 962=E9 @FE4@>6D 3J FE:=:K:?8 px E@ 5C:G6 A6C7@C>2?46 :>AC@G6>6?ED 2C@F?5 E96 H@C=5]Qk^Am

kAm%96 4@==23@C2E:@? 2:>D E@ >@56C?:K6 9@H 9@DA:E2=D >2?286 BF2=:EJ DE2?52C5D[ DEC62>=:?6 46CE:7:42E:@? AC@46DD6D[ 2?5 6?92?46 4=:?:42= A6C7@C>2?46] kDEC@?8m!2=2?E:CVDk^DEC@?8m A=2E7@C> :D 2=C625J 56=:G6C:?8 C6DF=ED 24C@DD >2;@C 962=E942C6 DJDE6>D[ :?4=F5:?8 kDEC@?8m%2>A2 v6?6C2=k^DEC@?8m 2?5 kDEC@?8mr=6G6=2?5 r=:?:4k^DEC@?8m]k^Am

kAmkDEC@?8mvt w62=E9r2C6 %649?@=@8:6D x?4]k^DEC@?8m W}p$sp"i vtwrX kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ad_d`dad_df_^6?^vt\w62=E9r2C6\=2F?496D\r=62#64@?\s{\:?EC@5F4:?8\px\32D65\bs\C64@?DECF4E:@?\E@\E96\:?E6CG6?E:@?2=\DF:E6Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<QmC646?E=J F?G6:=65k^2mk^DA2?m r=62#64@? s{[ 2? kDEC@?8muspk^DEC@?8m\4=62C65[ px\32D65 D@=FE:@? 2:>65 2E 6=6G2E:?8 :>286 BF2=:EJ :? 4@?6\362> r% Wrqr%X AC@465FC6D] !@H6C65 3J 566A =62C?:?8[ E96 E@@= 255C6DD6D =@?8\DE2?5:?8 :>286 5:DE@CE:@? 492==6?86D 42FD65 3J 3=@@5 7=@H 2?5 4@?EC2DE G2C:23:=:EJ[ 6DA64:2==J :? :?E6CG6?E:@?2= D6EE:?8D =:<6 =:G6C 2?5 ?6FC@ AC@465FC6D] r=:?:42= G2=:52E:@? D9@HD 2 hcT :?4C62D6 :? :?E6CAC6E2E:@? 4@?7:56?46 2?5 2 hgT :>AC@G6>6?E :? :>286 4=2C:EJ 4@>A2C65 E@ EC25:E:@?2= rqr%]k^Am

kAmQ%96 :?EC@5F4E:@? @7 r=62#64@? s{ C6AC6D6?ED 2 =62A 7@CH2C5 :? E96 :?E6CG6?E:@?2= DF:E6 2?5 7@C E96 25G2?46>6?E @7 rqr%[Q D2:5 kDA2? 4=2DDlQI?\A6CD@?QmpC?2F5 |2C:6k^DA2?m[ v6?6C2= |2?286C[ x?E6CG6?E:@?2= $@=FE:@?D 2E kDEC@?8mvt w62=E9r2C6k^DEC@?8m] QqJ :>AC@G:?8 :>286 BF2=:EJ 2?5 C65F4:?8 2CE:724ED[ E9:D E649?@=@8J 42? 6>A@H6C 4=:?:4:2?D E@ A6C7@C> AC@465FC6D H:E9 8C62E6C AC64:D:@? 2?5 4@?7:56?46] %9:D D@=FE:@? 3F:=5D @? @FC A@CE7@=:@ @7 E@@=D 2:>65 2E :>AC@G:?8 E96 FD6C 6IA6C:6?46 2?5 H@C<7=@H 677:4:6?4J[ 6?23=:?8 4=:?:4:2?D E@ 56=:G6C >@C6 244FC2E6 2?5 67764E:G6 :?E6CG6?E:@?D 7@C 6?92?465 A2E:6?E @FE4@>6D]Qk^Am

kAmkDEC@?8m$2=6D7@C46[ x?4]k^DEC@?8m W}*$ti r#|X :D 6IA2?5:?8 :ED 962=E942C6 7@@EAC:?E H:E9 E96 =2F?49 @7 2 8=@32= kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^7:?2?46]J29@@]4@>^?6HD^D2=6D7@C46\F?G6:=D\=:76\D4:6?46D\A2CE?6C\`a____dhe]9E>=Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm{:76 $4:6?46D !2CE?6C }6EH@C<k^2mk^DA2?m 2?5 3C@256C 56A=@J>6?E @7 :ED p86?E7@C46 5:8:E2= =23@C A=2E7@C>] s6D:8?65 E@ F?:7J 4=:?:42=[ 4@>>6C4:2=[ 2?5 >2?F724EFC:?8 52E2[ E96 :?:E:2E:G6 6?23=6D A92C>246FE:42= 2?5 >65E649 @C82?:K2E:@?D E@ EC2?D:E:@? 7C@> =6824J DJDE6>D E@ px\6?23=65[ 4@>A=:2?E H@C<7=@HD]k^Am

kAmQ(6 2C6 :? 2? F?AC64656?E65 >2C<6E >@>6?E H96C6[ H:E9 5:8:E2= =23@C 8C@F?565 :? C:49 52E2[ :?E6C?2E:@?2= =:76 D4:6?46D @C82?:K2E:@?D 92G6 E96 @AA@CEF?:EJ E@ 4@>A=6E6=J C6:>28:?6 E96 H2J E96J :?E6C24E H:E9 A2E:6?ED 2?5 wr!D[Q D2:5 kDA2? 4=2DDlQI?\A6CD@?QmuC2?< s676D496k^DA2?m[ $6?:@C ':46 !C6D:56?E 2?5 v6?6C2= |2?286C[ kDEC@?8m$2=6D7@C46 {:76 $4:6?46Dk^DEC@?8m] Qq24<65 3J @G6C EH@ 564256D @7 :?5FDECJ 6IA6CE:D6[ $2=6D7@C46 :D F?:BF6=J 6BF:AA65 E@ A:@?66C E9:D ?6IE 6C2 H:E9 @FC 566A=J F?:7:65 !=2E7@C> E92E 3C:?8D E@86E96C 2AAD[ 52E2[ =:76 D4:6?46D\DA64:7:4 H@C<7=@HD[ 2?5 px – 2== HC2AA65 :? ECFDE 2?5 4@>A=:2?46]Qk^Am

kAm(:E9 :?E68C2E:@?D 7C@> A2CE?6CD =:<6 kDEC@?8m2E96?2962=E9k^DEC@?8m[ kDEC@?8m':K]2:k^DEC@?8m[ 2?5 kDEC@?8mw`k^DEC@?8m[ E96 A=2E7@C> DFAA@CED C62=\E:>6 :?D:89ED[ A2E:6?E 6?8286>6?E[ 2?5 2FE@>2E65 4@>A=:2?46 24C@DD E96 962=E942C6 =:764J4=6] %9:D >2C<D 2 >2;@C DE6A :? kDEC@?8m$2=6D7@C46VDk^DEC@?8m AFD9 E@ 364@>6 E96 5:8:E2= 324<3@?6 @7 >@56C? =:76 D4:6?46D @A6C2E:@?D]k^Am

kAmkDEC@?8mp=A9236E x?4]k^DEC@?8m W}p$sp"i v~~v[ v~~v{X[ E9C@F89 kDEC@?8mv@@8=6 r=@F5k^DEC@?8m 2?5 kDEC@?8mv@@8=6 !F3=:4 $64E@Ck^DEC@?8m[ 92D A2CE?6C65 H:E9 kDEC@?8msC:G6 w62=E9k^DEC@?8m 2?5 E96 kDEC@?8mkDA2? 4=2DDlQI?\=@42E:@?Qm$E2E6 @7 x==:?@:Dk^DA2?mk^DEC@?8m E@ =2F?49 w62=E9J q23J[ 2 >F=E:\J62C px\A@H6C65 >2E6C?2= 962=E9 A:=@E E2C86E:?8 F?56CD6CG65 4@>>F?:E:6D] %96 AC@8C2> 6BF:AD 6IA64E2?E >@E96CD H:E9 kDEC@?8mv@@8=6 !:I6=k^DEC@?8m A9@?6D 2?5 u:E3:E 56G:46D[ 56=:G6C:?8 A6CD@?2=:K65 42C6 E9C@F89 }FCD6 pG6CJ[ 2? px 962=E9 2DD:DE2?E]k^Am

kAmQ%96 w62=E9J q23J A:=@E C6AC6D6?ED 2 4C:E:42= DE6A :? >2E6C?2= 962=E942C6[ D9@H:?8 9@H px 42? 96=A 56=:G6C A6CD@?2=:K65[ AC@24E:G6 962=E9 DFAA@CE 5:C64E=J E@ F?56CD6CG65 >@E96CD[Q D2:5 kDA2? 4=2DDlQI?\A6CD@?Qmr9C:D w6:?k^DA2?m[ u:6=5 r9:67 %649?@=@8J ~77:46C[ kDEC@?8mv@@8=6 !F3=:4 $64E@Ck^DEC@?8m] Q&D:?8 E96 px 286?E[ }FCD6 pG6CJ[ 2?5 56=:G6C:?8 :E E9C@F89 v@@8=6 !:I6= A9@?6D 2?5 u:E3:E 56G:46D[ E96 AC@8C2> AC@G:56D C62=\E:>6 DFAA@CE – >2?28:?8 2AA@:?E>6?ED[ >@?:E@C:?8 G:E2=D[ 2?5 @776C:?8 962=E9 8F:52?46 5:C64E=J[ 2:>:?8 E@ >2<6 6DD6?E:2= C6D@FC46D >@C6 C625:=J 2G2:=23=6]Qk^Am

kAmq24<65 3J kDEC@?8mv@@8=6 r=@F5VDk^DEC@?8m D64FC6 :?7C2DECF4EFC6[ E96 :?:E:2E:G6 2:>D E@ C65F46 >2E6C?2= >@CE2=:EJ[ :>AC@G6 3:CE9 @FE4@>6D[ 2?5 4=@D6 42C6 82AD 24C@DD CFC2= A@AF=2E:@?D]k^Am

kAmkDEC@?8m$@FC46ik^DEC@?8m kDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ9EEADi^^6BF:EJ\:?D:56C]4@>^a_ad^_b^a`^F?=@4<:?8\E96\EC:==:@?\5@==2C\2:\>2C<6E\H92E\:?G6DE@CD\Ta_?665\E@\<?@H^Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9EEADi^^6BF:EJ\:?D:56C]4@>^a_ad^_b^a`^F?=@4<:?8\E96\EC:==:@?\5@==2C\2:\>2C<6E\H92E\:?G6DE@CD\ ?665\E@\<?@H^k^2mk^DA2?m k^Am

kAmkDEC@?8mr~}%pr%ik^DEC@?8mk^Am

kAmkDEC@?8mtBF:EJ x?D:56Ck^DEC@?8mk^Am

kAmkDEC@?8mkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmk2 9C67lQ>2:=E@i:?7@o6BF:EJ\:?D:56C]4@>Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm:?7@o6BF:EJ\:?D:56C]4@>k^2mk^DA2?mk^DEC@?8mk^Am

kAmkDEC@?8mWe_cX aed\agfbk^DEC@?8mk^Am

kAmkDEC@?8msx$r{px|t#ik^DEC@?8m }@E9:?8 :? E9:D AF3=:42E:@? D9@F=5 36 4@?D:56C65 2D A6CD@?2=:K65 7:?2?4:2= 25G:46] (6 2C6 ?@E =:46?D65 F?56C D64FC:E:6D =2HD E@ 255C6DD J@FC A2CE:4F=2C 7:?2?4:2= D:EF2E:@?] }@ 4@>>F?:42E:@? 3J @FC 6>A=@J66D E@ J@F D9@F=5 36 566>65 2D A6CD@?2=:K65 7:?2?4:2= 25G:46] !=62D6 4@?DF=E 2 =:46?D65 7:?2?4:2= 25G:D@C 367@C6 >2<:?8 2?J :?G6DE>6?E 564:D:@?] %9:D :D 2 A2:5 25G6CE:D6>6?E 2?5 :D ?6:E96C 2? @776C ?@C C64@>>6?52E:@? E@ 3FJ @C D6== 2?J D64FC:EJ] (6 9@=5 ?@ :?G6DE>6?E =:46?D6D 2?5 2C6 E9FD ?6:E96C =:46?D65 ?@C BF2=:7:65 E@ AC@G:56 :?G6DE>6?E 25G:46] %96 4@?E6?E :? E9:D C6A@CE @C 6>2:= :D ?@E AC@G:565 E@ 2?J :?5:G:5F2= H:E9 2 G:6H E@H2C5 E96:C :?5:G:5F2= 4:C4F>DE2?46D] tBF:EJ x?D:56C :D 2 H9@==J\@H?65 DF3D:5:2CJ @7 |2C<6E x" |65:2 vC@FA[ x?4] WQ|x"QX] |x" 92D 366? A2:5 2 766 7@C pG2?E %649?@=@8:6D x?4] 25G6CE:D:?8 2?5 5:8:E2= >65:2 7C@> E96 4@>A2?J 5:C64E=J] %96C6 >2J 36 bC5 A2CE:6D H9@ >2J 92G6 D92C6D pG2?E %649?@=@8:6D x?4][ 2?5 >2J =:BF:52E6 E96:C D92C6D H9:49 4@F=5 92G6 2 ?682E:G6 67764E @? E96 AC:46 @7 E96 DE@4<] %9:D 4@>A6?D2E:@? 4@?DE:EFE6D 2 4@?7=:4E @7 :?E6C6DE 2D E@ @FC 23:=:EJ E@ C6>2:? @3;64E:G6 :? @FC 4@>>F?:42E:@? C682C5:?8 E96 AC@7:=65 4@>A2?J] q642FD6 @7 E9:D 4@?7=:4E[ :?5:G:5F2=D 2C6 DEC@?8=J 6?4@FC2865 E@ ?@E FD6 E9:D AF3=:42E:@? 2D E96 32D:D 7@C 2?J :?G6DE>6?E 564:D:@?] %96 @H?6C^@A6C2E@C @7 |x" @H? D92C6D @7 pG2?E %649?@=@8:6D x?4] H9:49 H6C6 AFC492D65 :? E96 @A6? >2C<6E] |x" C6D6CG6D E96 C:89E E@ 3FJ 2?5 D6==[ 2?5 H:== 3FJ 2?5 D6== D92C6D @7 pG2?E %649?@=@8:6D x?4] 2E 2?J E:>6 E96C627E6C H:E9@FE 2?J 7FCE96C ?@E:46] (6 2=D@ 6IA64E 7FCE96C 4@>A6?D2E:@? 2D 2? @?8@:?8 5:8:E2= >65:2 677@CE E@ :?4C62D6 G:D:3:=:EJ 7@C E96 4@>A2?J[ ?@ 7FCE96C ?@E:46 H:== 36 8:G6?[ 3FE =6E E9:D 5:D4=2:>6C D6CG6 2D ?@E:46 E92E 2== >2E6C:2= 5:DD6>:?2E65 3J |x" 92D 366? 2AAC@G65 3J E96 23@G6 >6?E:@?65 4@>A2?Jj E9:D :D 2 A2:5 25G6CE:D6>6?E[ 2?5 H6 @H? D92C6D @7 E96 >6?E:@?65 4@>A2?J E92E H6 H:== D6==[ 2?5 H6 2=D@ C6D6CG6 E96 C:89E E@ 3FJ D92C6D @7 E96 4@>A2?J :? E96 @A6? >2C<6E[ @C E9C@F89 @E96C :?G6DE>6?E G69:4=6D] (9:=6 2== :?7@C>2E:@? :D 36=:6G65 E@ 36 C6=:23=6[ :E :D ?@E 8F2C2?E665 3J FD E@ 36 244FC2E6] x?5:G:5F2=D D9@F=5 2DDF>6 E92E 2== :?7@C>2E:@? 4@?E2:?65 :? @FC ?6HD=6EE6C :D ?@E ECFDEH@CE9J F?=6DD G6C:7:65 3J E96:C @H? :?56A6?56?E C6D62C49] p=D@[ 3642FD6 6G6?ED 2?5 4:C4F>DE2?46D 7C6BF6?E=J 5@ ?@E @44FC 2D 6IA64E65[ E96C6 H:== =:<6=J 36 5:776C6?46D 36EH66? 2?J AC65:4E:@?D 2?5 24EF2= C6DF=ED] p=H2JD 4@?DF=E 2 =:46?D65 :?G6DE>6?E AC@76DD:@?2= 367@C6 >2<:?8 2?J :?G6DE>6?E 564:D:@?] q6 6IEC6>6=J 42C67F=[ :?G6DE:?8 :? D64FC:E:6D 42CC:6D 2 9:89 568C66 @7 C:D<j J@F >2J =:<6=J =@D6 D@>6 @C 2== @7 E96 :?G6DE>6?E]k^Am

kAm{@8@ \ k2 9C67lQ9EEADi^^>>2]AC?6HDH:C6]4@>^>65:2^aeccabb^dbabgad^tBF:EJ0x?D:56C0{@8@];A8Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9EEADi^^>>2]AC?6HDH:C6]4@>^>65:2^aeccabb^dbabgad^tBF:EJ0x?D:56C0{@8@];A8k^2mk^Am

kA :5lQ!&#{Qmk:>8 2=ElQr:D:@?Q 96:89ElQ`aQ DC4lQ9EEADi^^4a`a]?6E^4^:>8^72G:4@?]A?8nD?l{}h_`f_U2>AjD5la_ad\_d\`eQ E:E=6lQr:D:@?Q H:5E9lQ`aQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^?6H\962=E942C6\2:\>@56=D\4@F=5\C6D92A6\6G6CJE9:?8\7C@>\3FC?@FE\E@\5:28?@DE:4D\b_acdg_bc]9E>=Q :5lQ!#}&#{Q C6=lQ?@7@==@HQ E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^?6H\962=E942C6\2:\>@56=D\4@F=5\C6D92A6\6G6CJE9:?8\7C@>\3FC?@FE\E@\5:28?@DE:4D\b_acdg_bc]9E>=k^2mk^Am

kAm$~&#rt tBF:EJ x?D:56Ck^Am

kAmk:>8 DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5l{}h_`f_U2>Aj%C2?D>:DD:@?0x5la_ad_d`e`bcf!#0}t($0&$!#00000{}h_`f_U2>Ajs2E6x5la_ad_d`eQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am